Business: New York Consortium

Thirty years ago Harvey Dow Gibson came out of Maine, like Rudy Vallee, with an orchestra of college boys behind him. Unlike Rudy Vallee he did not become a nation-famed crooner, but last week he waved a baton for a band composed of all the great New York banking houses. And sweet was his music to the ears of depositors in seven small broken banks in and around the city. The tune said they would get an immediate payment of 50 per cent of their $42,000,000 total deposits, more later. Maestro Gibson's once...

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